Teriya Group

Teriya is a group from the Balimaya association, comprising four married women who know one another through family links and the neighbourhood. They are forty years old and have five children each on average; they have different business activities such as the purchase and sale of condiments and vegetables, as is the case with Ami who is the second person seated in the photo, from right to left.
They live in large traditional families in the catholic mission district of Ouelessebougou, in Kati county (the Koulikoro region, Republic of Mali). They have been small traders for several years, and are in high demand for their services.
In order to satisfy the growing need of their customers, the group members decided to join Soro Yiriwaso's loan programme three years ago. They are on their fourth mutual loan.
Ami, who is the group's president and is very well known in Ouelessebougou, excels in the sale of vegetables and condiments. She plans to use her loan to buy various food condiments (pepper, fresh tomatoes, onion, cabbage, aubergine). She buys her stock in Bamako and from local wholesalers, and sells the products in Ouelessebougou, retail, for cash and credit to both men and women.
She hopes to make a monthly profit of 15,000FCFA - enough to allow her to repay the loan and to invest in her business.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.